Articles

What Do Expats In The UK Think About Brexit?

Posted Friday June 23, 2017 (14:07:46)

(c) PublicDomainPictures

Since the Brexit vote in 2016, there has been much concern and discussion around what will happen to expats when the UK leaves the EU.

A main area of concern at the moment is around expats who are worried about the effect Brexit will have on them. How is the United Kingdom’s decision to leave the European Union going to affect the Europeans who live in the UK, or British people living abroad? There is a sense of security for the moment; until Article 50 comes into power, all expats have the right to remain as they are and carry on. However, it’s not a long-term resolution, which is leaving many expats on edge about their future.

There is a lot at stake, which is undoubtedly worrying for those who are in a situation where Brexit may affect them negatively. Outlined below are few of the major factors that need to be considered.

Citizenship and passports

Expats who have dual citizenship could become ‘foreigners’ to the European Union and vice versa. EU laws could be revoked too. Brexit would also mean that passports would be changed, with tighter border security having a potentially detrimental impact on those coming going from the UK to the EU and vice versa.

Pensions and benefits

Expats who receive a pension from their home country could potentially see their payments being stopped. Current EU regulations allow expats to receive their pensions, but when the United Kingdom parts from the EU, that regulation will no longer be covered. This could force expats to return to their home countries in order to receive their money.

Taxations

Double taxation rules are currently in place to prevent expats from paying double tax in their country of residence and home country. However, there have already been many cases where this is not being honoured because of Brexit – even though it has not come into power yet. This is causing major problems for many expats and shows what may be to come.

Purchasing of goods

There could be issues with purchasing goods from outside of the UK and having them imported from the EU, to the point where certain goods could be denied completely. There is already some resistance in place where some counties in the UK are not accepting ‘foreign’ credit cards or cards that aren’t based in the UK. This is causing EU expats a lot of trouble in the UK and as a result encouraging them to return.

Residency

There may be residency cards, which will require an expat to have a certain threshold of funds that entitles them to stay. This would be applied automatically to all new citizens. This could potentially prevent expats without high incomes and excessive funds from becoming residents in the UK.

Healthcare

Expats who reside in other EU countries, such as France, currently have their medical bills covered by the National Health Service. This entitles them to medical treatment and then French hospitals bill it back to National Health Service for the finances to be reimbursed. This will be lost when Brexit comes into power, which may force EU expats to return to the UK.

Work

Professional qualifications that are currently gained in EU countries are generally excepted in the UK as an equivalent qualification. However, post-Brexit this would mean that EU qualifications will be void in the UK and could put many expats’ jobs at risk.

Expat opinions

Many expats have voiced their opinions on how they feel about Brexit, mostly negatively.

“We already left because of Brexit. It made no sense to stay since my husband is EU and I'm American. I could've stayed and eventually done ILR and a passport… but for what? We still would've had hurdles to live together anywhere once UK leaves the EU. Brexit busted up our plan, so we left!” - Amanda Walkins

“Well, for a non-EU resident it is already hard. Trying to obtain a job after university is a tough market in the UK at the moment.” – Timothy Muyo

“Two large companies my husband had applied for and was their successful candidate - pending the Brexit vote. So he'd have got to choose between two large global companies based in the UK for this job role. However, the moment the Brexit vote fell as a yes, both these senior management jobs were taken off the table completely. I think a lot more issues will come into play as the years draw closer to the final signed Brexit deal and the deadline date approaches.” - Sandy Chamberlain

There is a lot at stake when the United Kingdom leaves the European Union, but there are many rumours about what will happen and very little certain information. This has left many expats struggling to make a decision for their futures.

What do you think about the UK’s exit from the European Union? Share your thoughts in the comments below.

Expat Health Insurance Partners

Our award-winning expatriate business provides health benefits to more than 650,000 members worldwide. In addition, we have helped develop world-class health systems for governments, corporations and providers around the world. We want to be the global leader in delivering world-class health solutions, making quality health care more accessible and empowering people to live healthier lives.

At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.

Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.